Word: offing
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Dates: during 1950-1959
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¶ Western Europeans built more than double the number of housing units than the U.S., at a time when U.S. builders were hammering away at a near record 1,350,000 new homes.
¶ Britons were learning the conveniences of two-car families, and economists predicted that their standard of living would double within the next 25 years.
All over the world, there was clear and heartening evidence that the American conception of a modern, modified capitalism, in which benefits are shared by all, had been wholeheartedly adopted by the Old World, which once restricted the benefits to a comparative few. Anyone with eyes to see could find...
¶ Frenchmen took special pride in paying off $200 million on a debt to the International Monetary Fund ahead of schedule, piled up their first trade surplus with the U.S. in 60 years, and grew so confident that one Belgian banker remarked: "The French no longer have an inferiority complex...
¶ Japanese had rebuilt their country so fast that they had been able to send $1.2 billion worth of investments overseas (including a Bank of Tokyo branch in Los Angeles), and had become a creditor instead of a debtor nation for the first time in history.